January 21, 2020 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of December 2020.
There were 91 single-family residential closings reported during this period according to figures provided by The Greenwich Multiple Listing Service, Inc., the multiple listing service used by REALTORS® in the Greenwich area.
The number of single-family residential closings increased compared to December 2019 when there were 37 closings. The median sale price for a single-family home increased to $2,000,000 from median sales price in December 2019, which was $1,825,000.
The average days on the market (DOM) for residential homes was 140 days; which was a decrease from 258 days in December 2019.
There were 31 condo/co-op residential closings reported during this time period; which was an increase from December 2019 when there were 15 closings.
The median sale price for a condo/co-op increased to $885,000 from the median sales price in December 2019, which was $687,000.
The average days on the market (DOM) for condo/co-op residential homes was 186; which was a decrease from 197 days in December November 2019.
Pending sales as of 4:45pm Wednesday, January 20th for Single Family homes were 82 and 18 for Condo/Co-Op.
"December 2020 had ninety-one residential closings; a one hundred forty-five percent increase from December 2019 when there were thirty-seven closings. The median sale price was $2,000,000; a nine percent increase from the median sale price in December 2019, which was $1,825,000. Greenwich was the sector in town with the most closings, ending December with fifty-two sales; a one hundred sixty percent increase from December 2019 when there were twenty closings. The median sale price was $2,297,509; a nineteen percent increase from the median sale price in December 2019, which was $1,922,500. Condo/Co-Op sales had thirty-one closings in December 2020; a one hundred six percent increase from December 2019 when there were fifteen closings. The median sale price was $885,000; percent increase from the median sale price in December 2019, which was $687,000. The year-end numbers for 2020 were remarkable. There were 861 Single Family sales in 2020, which is up 63% from 2019. The median sale price for the year also increased to just over $2Million, an 11% jump from the year prior. There were also 220 Condo and Co-op sales across town in 2020, a 38% increase from 2019. The median sale price for Condos and Co-ops stayed relatively steady at $707,500, a 2% increase from the year prior", stated John McAtee, 2021 GAR President.
The Greenwich Association of REALTORS® is the professional board of choice for the real estate industry in Greenwich. Established in 1924, the association provides professional development and services for REALTORS® and represents the concerns and interests of private property and home ownership rights. The association has over 850 members and is headquartered in Greenwich, CT.